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it's a special tax form. have you to file for every single state that you're in where the pipeline might go through. it's a little complicated so some people have been buying exchange-traded funds because there's mlp exchange-traded funds. the point is if you're interested in dividends, these -- these kinds of deals are very, very host investments. two other ones are coming this week. >> not really seeing the kind of pace that we've seen for ipos. haven't seen the business come back. >> norwegian cruise lines goes back. not a massive limited partnership. >> that's a very well known name. >> sure they will be trying it out. >> get me my sunglasses. >> closing countdown coming up. >> and is congress threatening the economy with the looming fight over the debt ceiling? something we're all talking about, and will washington ever get serious about fixing the debt crisis. do not miss, this should be pay-per-view's, maria's exclusive interview with alan simpson coming up on the "closing bell." >> he's always great.
it's a special tax form. have you to file for every single state that you're in where the pipeline might go through. it's a little complicated so some people have been buying exchange-traded funds because there's mlp exchange-traded funds. the point is if you're interested in dividends, these -- these kinds of deals are very, very host investments. two other ones are coming this week. >> not really seeing the kind of pace that we've seen for ipos. haven't seen the business come back....
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Jan 19, 2013
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all have state -- no state income tax and create more jobs.
all have state -- no state income tax and create more jobs.
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Jan 14, 2013
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the president said he wouldn't raise taxes on everybody. he did raise taxes on everybody. he still has the moral high ground. it's about spending. which is just future taxes. how can that pledge be changed? you're not going to be able to combat the debt ceiling with a static pledge. >> okay. well the good news is, that moving forward we're going to have a four-year struggle against the president's overspending. and we have three days, three battles that we know the day of. march 2nd is when the sequester begins. watch the president try and weasel out of the sequester, that it was his idea, and he agreed to it -- >> doesn't matter whose idea it is. how are you going to get on the offense? see i'm with you. i'm a fiscal conservative. but you're on your back feet. >> no, no. the sequester takes place automatically unless something else happens, saving $1.2 trillion. debt ceiling which comes up around march 14th, fuzzy day but roughly march 14th, there the republicans have said for two years now, because the president's busting the budget with all his spending he's going to ha
the president said he wouldn't raise taxes on everybody. he did raise taxes on everybody. he still has the moral high ground. it's about spending. which is just future taxes. how can that pledge be changed? you're not going to be able to combat the debt ceiling with a static pledge. >> okay. well the good news is, that moving forward we're going to have a four-year struggle against the president's overspending. and we have three days, three battles that we know the day of. march 2nd is...
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Jan 19, 2013
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all have state -- no state income tax and create more jobs. without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher the california legislator from going crazy. they still do despite so many people moving. but it is good we have places like texas. smaller government
all have state -- no state income tax and create more jobs. without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher...
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Jan 16, 2013
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president said if he got his tax increase he would cut spending. he needs to fulfill that promise, but this is an important time for us to decide that we're going to make those hard decisions and cut spending. you really got two choices. we can balance the budget this year by not raising the debt limit or we can do the democrats' ray way and never raise it at all. actually, you are going to hear conservatives present a third option and that is put us on a path to balance within ten years. we can do that without cutting anything from what americans are expecting. that is what we need to do. >> neil: what bothers me the most, senator, we go through elaborate hoops to avoid this thing, trillion dollar coin even 14th amendment and giving the president sole discretion and then address the underlying problems that keeps creating that. why do we do that? >> the problem is not the debt ceiling or debt limit the problem is the debt. the reason why we have a legal limit on the debt if we keep borrowing we're going to hurt everyone who lives there. i think th
president said if he got his tax increase he would cut spending. he needs to fulfill that promise, but this is an important time for us to decide that we're going to make those hard decisions and cut spending. you really got two choices. we can balance the budget this year by not raising the debt limit or we can do the democrats' ray way and never raise it at all. actually, you are going to hear conservatives present a third option and that is put us on a path to balance within ten years. we...
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Jan 13, 2013
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, raises taxes on those making over $400,000 a year and increases capital gains tax rates. so, how will this impact your small business? barbara wealthman is an attorney and a leading authority on tax law and finance for small businesses. she is the writer of the muntari e newsletter "big ideas for small business" and also author of the book "j.j. lasser's "1,001 tax deductions and great to see both of you. thanks for joining us. >> a pleasure. >> i read some article that said recently frustrated, elated, happy, confused, those are people's reactions right now to just what happened in washington. barb, i want to talk with you first and foremost about the payroll tax holiday so there's no uncertainty about that. your employees are going to be paying more out of their payroll. for their payroll tax is this something you've discussed with your employes? >> we haven't discussed with them yet. i think we were waiting first to see what was going to happen. our plan is to discuss with them right before they receive their first paychecks that there is going to be a change, that the
, raises taxes on those making over $400,000 a year and increases capital gains tax rates. so, how will this impact your small business? barbara wealthman is an attorney and a leading authority on tax law and finance for small businesses. she is the writer of the muntari e newsletter "big ideas for small business" and also author of the book "j.j. lasser's "1,001 tax deductions and great to see both of you. thanks for joining us. >> a pleasure. >> i read some...
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Jan 16, 2013
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if you thought that class warfare was bad during the election and during this tax battle, it could get even worse, because under a 2010 law, dodd-frank, public companies are supposed to disclose the relationship between what their ceo makes - that's already public information - but they are supposed to compare it and give a ratio with what their median employee, kind of the typical employee, makes. so this is something that people can compare from company to company just to see how much more - "wow, the ceo makes 300 times more than the typical worker here!" > in some companies it wouldn't be that dramatic - an investment bank, for example. but at other companies - you had mentioned earlier wal-mart - it would be a hugely divergent number. > > take goldman sachs. their ceo makes a lot of money, but there are a lot of people at goldman sachs who also make a lot of money. so the disparity wouldn't be as great maybe as wal-mart or some retailer where you have a ceo who probably makes a lot, but you have a lot of minimum-wage workers. so that is going to be a big disparity. > also in corpo
if you thought that class warfare was bad during the election and during this tax battle, it could get even worse, because under a 2010 law, dodd-frank, public companies are supposed to disclose the relationship between what their ceo makes - that's already public information - but they are supposed to compare it and give a ratio with what their median employee, kind of the typical employee, makes. so this is something that people can compare from company to company just to see how much more -...
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Jan 15, 2013
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backup for the government and the tax code. it is an inefficient way of subsidizing. sandra: a sign we are overtaxing and overregulating corporations and small businesses to the point data want to hire these people so people have to downgrade out of jobs they should be working in and educated to work in and take lower-level service jobs. very much a sign of the times. stuart: the government takes money off of this group to top off the income of that group. that is -- [talking over each other] stuart: that is my take. big money at the story everybody is talking about today, lance armstrong comes clean on informant -- performance enhancing drugs and made millions in prize money and endorsements, raise a lot of money for his cancer charity. we are a forgiving country. we really are. here is the question. will the nation give him a second chance or is he totally finished? we will ask that question. we have a pr executive on whether it lands can have his image and i have my take on mr. armstrong around 10:28 this morning on this pro
backup for the government and the tax code. it is an inefficient way of subsidizing. sandra: a sign we are overtaxing and overregulating corporations and small businesses to the point data want to hire these people so people have to downgrade out of jobs they should be working in and educated to work in and take lower-level service jobs. very much a sign of the times. stuart: the government takes money off of this group to top off the income of that group. that is -- [talking over each other]...
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Jan 14, 2013
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the payroll tax hold day was not extended, so, that pushed the tax and social security up to 6.2% from 4.2%. despite the consumer discretionary shot up. no everyone is convinced the run can last as consumers feel the pinch. it's time for a street fight. karen is bullish on consumer discretionary, b.k. is bearish. so, beeks, lay out the bear case. >> okay, so, i start, karen is undefeated. i'm going to mind by ps and qs here. i think consumer discretionary is overdone here, primarily because when you look at consumer credit and disposable income, they increase one to one. we had an increase in consumer credit, away from the trend. you have an increase in disposable nexincome. it may not be a lot, but that could have a nonlinear effect on the area. when i look back at the valuation of it, xly or the underlying index is trading at the high end of its valuation on a p.e. and price to book ration owe is the word i was looking for. it a tough word. >> yeah. >> r-a-t-i-o. >> yes. >> i but curious about this, because it doesn't sound like a lot, but the tax policy center says that's $18 to $20
the payroll tax hold day was not extended, so, that pushed the tax and social security up to 6.2% from 4.2%. despite the consumer discretionary shot up. no everyone is convinced the run can last as consumers feel the pinch. it's time for a street fight. karen is bullish on consumer discretionary, b.k. is bearish. so, beeks, lay out the bear case. >> okay, so, i start, karen is undefeated. i'm going to mind by ps and qs here. i think consumer discretionary is overdone here, primarily...
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they agreed to higher taxes on a certain group of people. >> they got permanent tax cuts for 98% of the people. >> that's obama's line. look, they don't have to cave now. now the issue is spending and debt. they should not, they must not cave now. >> sean: why do you disagree? >> i'm just, i'm a realist and a pragmatist. and i do not believe that there's any possibility of dealing with entitlement spending in the the next eight weeks to get something through congress. >> sean: quick question. >> which is what we need to do. >> sean: what wok so bad if the republicans said we're not going to raise the debt ceiling unless there's significant cuts. >> that should be the opening position. >> sean: then you have them cave? >> there has to be-- >> you two are hard to take seriously in your jeans, stuart varney is wearing a sport coat and-- it's not a suit and thrown my whole world upsidedown. >> sean: he's got lighter jeans. >> flat-out changed the subject. >> i learned that somewhere. >> sean: dodge. >> shift in position. >> sean: you say sage bob beckel "the five". >> did you not to that. t
they agreed to higher taxes on a certain group of people. >> they got permanent tax cuts for 98% of the people. >> that's obama's line. look, they don't have to cave now. now the issue is spending and debt. they should not, they must not cave now. >> sean: why do you disagree? >> i'm just, i'm a realist and a pragmatist. and i do not believe that there's any possibility of dealing with entitlement spending in the the next eight weeks to get something through congress....
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do you stick by ford if the tax fight continues? >> yes, because beyond the dividend, it's an attractive stock. auto industry as a whole, we think, has still tremendous upside potential since it bottomed out in 2009, it continues to improve. ford, specifically, streamlined down to lincoln and ford models. they have a ways to go yet, but they are really looking to compete head on in the united states with toyota, with the fuel efficient products like fugs, fiesta, taurus, ect.. cheryl: that's right. 3 #% yield hit again on ford. the stock is climbs and climbing back to the debt ceiling debate, in 2012 # coming into 2013 were concerns about consumer spending. government numbers out, retail sales better. does that give you hope? is that why you are bullish at this point for 2013? >> yes. i mean our economy plods along and improves looking at real estate, consumer spending, major purchases such as auto. once again, i make the statement that once washington gets out of the way, we really think that the financial markets based upon where
do you stick by ford if the tax fight continues? >> yes, because beyond the dividend, it's an attractive stock. auto industry as a whole, we think, has still tremendous upside potential since it bottomed out in 2009, it continues to improve. ford, specifically, streamlined down to lincoln and ford models. they have a ways to go yet, but they are really looking to compete head on in the united states with toyota, with the fuel efficient products like fugs, fiesta, taurus, ect.. cheryl:...
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. >> uncle sa many is taking more in tax dollars, next the alarming number of americans that are dipping into their retirement accounts to pay their bills and our interview with ann frank's stepsister, you will not want to miss it. >> we will see you then. >> and we have a high pressure system moving in. that is good news, right? >> i love that, sun issy kais from the high pressure system, wednesday, thursday and friday with mid 60s expected even by saturday, so, a warmup, that is what we are calling it the next couple of days. >> thanks for watching, we will see you at 6:00. >>> on the broadcast tonight, he did it. lance armstrong comes clean after years of denials. now the consequences for him, for the cancer charity he founded, even the future of his sport at the olympics. >>> late word on the action the president plans to take on gun control tomorrow. >>> fighting the flu. what are the real odds of getting sick after getting the flu shot, which in some places is getting a lot harder to find. >>> and cashing out. an alarming number of americans draining the money they were saving for
. >> uncle sa many is taking more in tax dollars, next the alarming number of americans that are dipping into their retirement accounts to pay their bills and our interview with ann frank's stepsister, you will not want to miss it. >> we will see you then. >> and we have a high pressure system moving in. that is good news, right? >> i love that, sun issy kais from the high pressure system, wednesday, thursday and friday with mid 60s expected even by saturday, so, a...
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you'll pay a big tax. well, apparently the repatriation is a lot more doable than they're being given credit for. i don't know exactly what that means, we'll bring it back once we do the lbo. the big question is why current management considered buying back stocks. there's a special committee here, of course. we'll see whether they can get to a price that every side agrees on and that shareholders will approve. >> yesterday, most of the day was spent pooh-poohing this deal. because of the repatriation. because of the equity check. >> it seemed to be insurmountable because the club deals are frowned upon at this point. >> then i want to ask you whether this is some sort of sea change. because this is obviously a much smaller check. yesterday we said it would be $8 billion. >> no, $4 billion to $5 billion. >> what i'm saying is, this is a rival departure from what we've seen from the little money put up. >> given the size of the hlbo - >> top line doesn't matter. this company's bottom line is larger than the
you'll pay a big tax. well, apparently the repatriation is a lot more doable than they're being given credit for. i don't know exactly what that means, we'll bring it back once we do the lbo. the big question is why current management considered buying back stocks. there's a special committee here, of course. we'll see whether they can get to a price that every side agrees on and that shareholders will approve. >> yesterday, most of the day was spent pooh-poohing this deal. because of the...
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Jan 14, 2013
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higher estate tax rate. but it could have been worse. >> i think that the wealthy got off pretty easily here. there's a modest tax increase for the very wealthiest in this society, a very tiny percentage. i, frankly, that there are more taxes coming and they're going to bite more deeply into the middle class. >> approximately two-thirds of american will pay more taxes. the tax bite for the middle class comes from the end of payroll tax cut, which wasn't renewed in the fiscal cliff deal. but whatever happened to comprehensive tax reform? >> the irs tax code is still a nightmare. it's too complex, too costly, and too unfair. >> reporter: both sides say they're open to simplifying the tax code. more than 70,000 pages in 2012. the u.s. government gives away more than $1 trillion a year in tax breaks, but republicans say reform isn't about squeezing more money out of taxpayers. >> i think tax reform is a good idea, but now that we have resolved the revenue issue, tax reform ought to be revenue neutral, as it was
higher estate tax rate. but it could have been worse. >> i think that the wealthy got off pretty easily here. there's a modest tax increase for the very wealthiest in this society, a very tiny percentage. i, frankly, that there are more taxes coming and they're going to bite more deeply into the middle class. >> approximately two-thirds of american will pay more taxes. the tax bite for the middle class comes from the end of payroll tax cut, which wasn't renewed in the fiscal cliff...
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Jan 19, 2013
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obama demands the wealthy pay their fair share of taxes, but it's just elitist hypocrite when this comes it a fair share of security. protection for their kids and gun-free zones for ours. >> sean: powerful ad, but yet, anything the n.r.a. points out seems to just come under attack. >> well, i mean, it's come to the point in this country at that hypocrisy is right out there in the open. i mean, the fact is, all of these are backing hee and political people when their kids go to school, by and large protected by police and armed security. i mean, what's unfair is there are moms and dads all over this country, getting up and sending their kids to school on monday and tuesday next week that are praying that their kids come whom safe. and we could immediately help protect those kids by putting armed security in schools, same armed security that the elite has. it's the same with self-defense. these celebrities in hollywood, the rich, the powerful, the politicians are all protected, body guards, security, all the magazines they want. i mean, since when does the idea of protection limited to a
obama demands the wealthy pay their fair share of taxes, but it's just elitist hypocrite when this comes it a fair share of security. protection for their kids and gun-free zones for ours. >> sean: powerful ad, but yet, anything the n.r.a. points out seems to just come under attack. >> well, i mean, it's come to the point in this country at that hypocrisy is right out there in the open. i mean, the fact is, all of these are backing hee and political people when their kids go to...
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Jan 15, 2013
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the wealthy see charity and taxes two sides of the same coin. taxes go up, charity must go down. press secretary for george bush summed it up in a recent tweet saying, quote, i and many others will likely donate less in 2013. but a new study from the nonpartisan tech center says charitable giving may actually increase this year by $3.3 billion. tax hikes are actually the main reason why. here's how it works. taxpayers deduct their charity at their marginal tax rate. last year the wealthy could deduct 35 cents for every dollar they gave. the current rate is 39.6%. so they can deduct 39.6 cents for every dollar they give. their cost of giving has, in other words, fallen by 7% for those making $400,000 or more per year. the same is true if you're giving away stock or real estate that's appreciated in value. the higher capital gains rate making giving more economically attractive. the cliff deal does limit certain deductions. but the benefits of these higher tax rates more than makes up that limit on deductions. so net-net, the wealthy get a bigger tax cut this year for giving. it's
the wealthy see charity and taxes two sides of the same coin. taxes go up, charity must go down. press secretary for george bush summed it up in a recent tweet saying, quote, i and many others will likely donate less in 2013. but a new study from the nonpartisan tech center says charitable giving may actually increase this year by $3.3 billion. tax hikes are actually the main reason why. here's how it works. taxpayers deduct their charity at their marginal tax rate. last year the wealthy could...
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. >> andrea: that is not important if we raise taxes on rich to talk about gun control. does it always have to be a dog-and-pony show? he used kids for the stimulus. now he is using kids again. it's just always a gimmick. never about the real policies. p.r. and how it looks. i will say this, i work for a republican memberbe. who had press conbe france using children once. the flak we took for it was incredible. >> dana: not worth it. >> andrea: there are not a lot of republicans that would do it since it happened. they remember it well. but there are two set of rules, bob. one for the democrats and one for republicans. >> dana: it's like saying well, we care for children and you don't. >> bob: obama is the first person to use people as backdrop for the press? give me a break. you could be bipartisan if the republicans come forward for gun control. >> eric: again you want to get to gun control discussion. stay on this for a few more minutes. really, using kids. >> bob: really, using kids. >> eric: using kids who are family, surrounding the victims of the newtown, connecti
. >> andrea: that is not important if we raise taxes on rich to talk about gun control. does it always have to be a dog-and-pony show? he used kids for the stimulus. now he is using kids again. it's just always a gimmick. never about the real policies. p.r. and how it looks. i will say this, i work for a republican memberbe. who had press conbe france using children once. the flak we took for it was incredible. >> dana: not worth it. >> andrea: there are not a lot of...
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to dodge ten's of millions of taxes in the city of chicago. the rta reports a single part-time employee works at that office one person that on a recent visited consultants found it locked. only a few chairs and desks through a window. the office is completely legal and any lawsuit would be without merit. rick live enthall is live in our newsroom tonight. how can they get away with this? >> most are collected where products are received. if you fill up with jet fuel that's where the taxes are collected. >> the purchase is accepted opening this possible loophole. advise half a million gallons of jet fuel every day at o'hare airports. most of the fuel transactions are negotiated through united chicago headquarters. it alleges an airline subsidiary opened a small office in sick more. we have video provided by the rta. you get a tax kickback from the town saves a few hundred million. the only reason the fuels had the office in sick more is to create a sham packed for fuel rather than lower tax jurisdiction. in a statement united airlines says it h
to dodge ten's of millions of taxes in the city of chicago. the rta reports a single part-time employee works at that office one person that on a recent visited consultants found it locked. only a few chairs and desks through a window. the office is completely legal and any lawsuit would be without merit. rick live enthall is live in our newsroom tonight. how can they get away with this? >> most are collected where products are received. if you fill up with jet fuel that's where the taxes...
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yeah, the payroll tax really matters but, in fact, if you look at how much the average homeowner who has been able to refinance and that's more and more of them, have saved, it dwarfs what the increases in the payroll tax. >> all right. we will leave it there. great conversation, guys. appreciate your time tonight. see you soon. greg ip and jerry webman. >>> up next on "on the money," what today's students learn on the economy and what we can teach yourself for the future. the president of harvard university is with me. >>> and buzz with millions, how to build a news company in a new age. age. how it may just save journalism. >>> welcome back. as college education's high cost continues to rise, some families are forced to opt out for financial reasons. how does that impact businesses on campus. joining me now is drew faust, harvard president. >> great to be here. >> we had news this week from m moody's. the demand for four-year college degrees is going down, it is softening. it is softening. leading to declines in net revenue for many universities. now, i realize harvard really is in
yeah, the payroll tax really matters but, in fact, if you look at how much the average homeowner who has been able to refinance and that's more and more of them, have saved, it dwarfs what the increases in the payroll tax. >> all right. we will leave it there. great conversation, guys. appreciate your time tonight. see you soon. greg ip and jerry webman. >>> up next on "on the money," what today's students learn on the economy and what we can teach yourself for the...
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see if it lasts because it's being explained away as people pull forward their bonuses in 2012 for taxes. let's see if it lasts beyond that. earnings are slowing down. the economy is slowing down. and on the positive, you've got the fed pushing real hard. so maybe we don't have a big down in the market because of the fed, but the fundamentals beyond the fed are real hard to support the market going up. >> china's improving. japan is in uber-stimulus mode. a number of people have changed their gdp numbers this weekend 2.5%. it's not horrible and it's slowly improving. >> it is definitely tough out there. there's no argument there. final word very quickly, ralph. i just want to get your single best idea right here. if your scenario materializes and this market goes up, what's your best idea? where do you want to put your money today? >> xlf. financials. >> that's his financial sector there. >> yep. >> thanks, guys. >> we'll see you soon. thank you so much. we'll keep you updated on the dell story as it develops. we are in the final stretch of trading. 45 minutes until the closing bell soun
see if it lasts because it's being explained away as people pull forward their bonuses in 2012 for taxes. let's see if it lasts beyond that. earnings are slowing down. the economy is slowing down. and on the positive, you've got the fed pushing real hard. so maybe we don't have a big down in the market because of the fed, but the fundamentals beyond the fed are real hard to support the market going up. >> china's improving. japan is in uber-stimulus mode. a number of people have changed...
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yeah, the payroll tax really matters but, in fact, if you look at how much the average homeowner who has been able to refinance and that's more and more of them, have saved, it dwarfs what the increases in the payroll tax. >> all right. we will leave it there. great conversation, guys. appreciate your time tonight. see you soon. greg ip and jerry webman. >>> up next on "on the money," what today's students learn on the economy and what we can teach yourself for the future. the president of harvard university is with me. >>> and buzz with millions, how to build a news company in a new age. age. how it may just save journalism. lucky charms?! ♪ yer always after me lucky charms! whoa. i forgot how good these taste! [ lucky ] ♪ they're magically delicious now all general mills big g kid cereals have more whole grain than any other ingdient in cereals like lucky charms and cinnamon toast crunch, the delicious way to help them grow up strong. >>> welcome back. as college education's high cost continues to rise, some families are forced to opt out for financial reasons. how does that im
yeah, the payroll tax really matters but, in fact, if you look at how much the average homeowner who has been able to refinance and that's more and more of them, have saved, it dwarfs what the increases in the payroll tax. >> all right. we will leave it there. great conversation, guys. appreciate your time tonight. see you soon. greg ip and jerry webman. >>> up next on "on the money," what today's students learn on the economy and what we can teach yourself for the...
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>> i think consumers have had a tough run and now they know what their tax situation is of for 2013 based on what happened in washington recently, and the ones work say i have nigh job, interest rates are low. it's not that bad. i want to take my vacation. >> susie: is business strong enough that you're going to add some jobs and what are your hiring plans? >> every time we launch a new ship, it brings on a lot more employees. we're 20,000 strong at this point. and if you think about there are a couple of thousand that come along with each new ship we're building in the future here. >> susie: kevin, thank you so much. great talking with you. >> appreciate it, take care. >> reporter: still ahead, more than half a million people are expected to converge on washington this weekend for the president's inauguration. we'll take a look at the economic impact. >> tom: u.s. stocks were little changed, despite a big jump in growth in china. china's economy rose by nearly 8% during the last three months of 2012, up half a percent from the previous quarter. still, for the year, china's posted its wea
>> i think consumers have had a tough run and now they know what their tax situation is of for 2013 based on what happened in washington recently, and the ones work say i have nigh job, interest rates are low. it's not that bad. i want to take my vacation. >> susie: is business strong enough that you're going to add some jobs and what are your hiring plans? >> every time we launch a new ship, it brings on a lot more employees. we're 20,000 strong at this point. and if you...
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Jan 14, 2013
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yeah, the payroll tax really matters. but, in fact, if you look at how much the average homeowner who has been able to refinance, and that's more and more of them, have saved, it dwarfs what the increase is in the payroll tax. >> all right. we will leave it there. great conversation, guys. we appreciate your time tonight. see you soon. >>> greg ip, jerry webman. up next "on the money," what today's students think of tomorrow's economy and how we can teach ourselves into the future. the president of harvard university is with me. >>> and then is buzz worth billions? how to build a news company in a digital age. why sharing angry cat pictures may just save journalism. >>> welcome back. as college education's high cost continues to rise, some families are forced to opt out for financial reasons. how does that impact business on campus? joining me right now is drew faust, the first female president of harvard university. president faust, good to have you on the program. >> thank you. great to be here. >> so we had news this w
yeah, the payroll tax really matters. but, in fact, if you look at how much the average homeowner who has been able to refinance, and that's more and more of them, have saved, it dwarfs what the increase is in the payroll tax. >> all right. we will leave it there. great conversation, guys. we appreciate your time tonight. see you soon. >>> greg ip, jerry webman. up next "on the money," what today's students think of tomorrow's economy and how we can teach ourselves into...
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Jan 20, 2013
01/13
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business leaders are begging for corporate tax reform. to have tax reform being part of a debt deal, all of these things will help get the economy on course faster than it is now. >> listen, it seems to me this is the absolute crux, isn't it? this sort of paralysis we've seen in washington, the very silly behavior that many would see, as we've witnessed in the last two years. this has to come to an end. i'm quite disturbed really, when margaret says john boehner is not going to get in a room and get stuff done. that's what gingrich and clinton did. they both told me that. they learned the hard way when government came to a grinding halt. and that's when they got in a room together. i would like to see the speaker and the president get in a room. i think they've been equally to blame in many ways for this impasse between them in the last four years. i don't want to see them do it the official way. you have a democratic senate, a republican congress, i don't see how stuff gets done. >> the 1996 re-election of bill clinton basically settled
business leaders are begging for corporate tax reform. to have tax reform being part of a debt deal, all of these things will help get the economy on course faster than it is now. >> listen, it seems to me this is the absolute crux, isn't it? this sort of paralysis we've seen in washington, the very silly behavior that many would see, as we've witnessed in the last two years. this has to come to an end. i'm quite disturbed really, when margaret says john boehner is not going to get in a...
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Jan 16, 2013
01/13
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obama demands the wealthy pay their fair share of taxes. but he's just another elitist hypocrite when it comes to a fair share of security. >> you see there's mayor bloomberg, nbc anchor, david gregory, and senator dianne feinstein. so, they're tapping into that, too, because many people think that the media is one-sided on this issue, jason. >> didn't we do this for the last two years? the election is over. the whole barack obama is part of this elitists is a dead argument. it doesn't move things forward. what the nra should be talking about is let's make sure people have to be licensed properly to have their guns. make sure people know how to use a gun if someone comes into their home. these ads and attacks raises money, gets people talking, and it doesn't help the nra's reputation with the public. >> ron, jason has a point. this could create a backlash. a "washington post" poll shows 44% have an unfavorable view of the nra's leadership. >> i don't think that matters to the nra. what their goal is is to protect gun rights, the rights of t
obama demands the wealthy pay their fair share of taxes. but he's just another elitist hypocrite when it comes to a fair share of security. >> you see there's mayor bloomberg, nbc anchor, david gregory, and senator dianne feinstein. so, they're tapping into that, too, because many people think that the media is one-sided on this issue, jason. >> didn't we do this for the last two years? the election is over. the whole barack obama is part of this elitists is a dead argument. it...
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Jan 15, 2013
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state legislators are saying, let's put excise taxes on. and they feel they have to do something. >> obesity rates are on the increase, soda consumption is on the decrease. i was talking to sanjay gupta, he said overall we're just eating more. but, look, coke is doing pretty well. i read a quote where you were saying the soda industry is under siege, but reading -- what was a reading, business week, business week says coke raked in $48 billion in profits last year and they're thinking it will be $50 billion this year. do you think they're under the attack. they seem to be doing pretty well. >> well, they may be doing pretty well, but they're doing much better overseas than they are in the united states. and -- but they see a decaying business. all the criticism is repositioning soft drinks from fun and happiness to disease and death. that's not a good place for industry to be. >> so what do you want from coke? because obviously they want to make money. they sell all kinds of things. short of stopping selling these sugary drinks, is there an
state legislators are saying, let's put excise taxes on. and they feel they have to do something. >> obesity rates are on the increase, soda consumption is on the decrease. i was talking to sanjay gupta, he said overall we're just eating more. but, look, coke is doing pretty well. i read a quote where you were saying the soda industry is under siege, but reading -- what was a reading, business week, business week says coke raked in $48 billion in profits last year and they're thinking it...
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Jan 16, 2013
01/13
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the firehouses closed because a tax measure was not passed and property tax revenues are down. contra costa county now has 220 firefighters?.that is well below the 600 they?d like to have. they say these closure will affect response times to emergency?s. >> whether or not it is going to be a 22nd second delay or 1.5 minutes, it is going to impact on response time. >> they are going to talk about other emergency crews, such as ambulances. and the fact that nobody lost their jobs. if there is a good portion of this story. j. r. stone, kron 4 news. four stations close today in contra costa county. in martinez - station 12 on shell avenue. in lafayette - station 16 on los arabis avenue. walnut creek loses station 4 on hawthorne drive. and in clayton, station 11 on center avenue. new information. reveals thand clayton, station no. 11. and if you look at this map you can see the widespread. >> pam: new information about tanker pilot who hit a tower on the bay bridge last week, switched course as he was approaching the bridge. the damage to the base of the tower on the bridge suffered
the firehouses closed because a tax measure was not passed and property tax revenues are down. contra costa county now has 220 firefighters?.that is well below the 600 they?d like to have. they say these closure will affect response times to emergency?s. >> whether or not it is going to be a 22nd second delay or 1.5 minutes, it is going to impact on response time. >> they are going to talk about other emergency crews, such as ambulances. and the fact that nobody lost their jobs. if...
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Jan 15, 2013
01/13
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citing new tax hikes on the rich as a downside catalyst. >> i think it's absolutely ridiculous. what american express has done in the last two days, cost management. focus on what they are doing there in terms of what the earnings are and expectation that the high-end consumer is going to be affected by what is going on here in terms of fiscal policy. it's misguided. stay with american he cexpress. >> that's talk about cliffs natural. a downgrade. dr. j, make sense of it. the stock is up 2%. >> this one was sold too far down. i can't believe that he actually bothered to downgrade them when the stock was half of whether where it is was. i like the deutsch call. unless we have a lot of trouble with our economy here, judge, which i don't think we're going to have, i think this continues to work and works back into the mid-40s by the end of this quarter. >> talk to me, weiss, about some airlines. they have been doing incredibly well. lately here is ual and lcc. >> they were early in upgrading the airlines and the airlines used to be like drinking beer. you rented it. you didn't own
citing new tax hikes on the rich as a downside catalyst. >> i think it's absolutely ridiculous. what american express has done in the last two days, cost management. focus on what they are doing there in terms of what the earnings are and expectation that the high-end consumer is going to be affected by what is going on here in terms of fiscal policy. it's misguided. stay with american he cexpress. >> that's talk about cliffs natural. a downgrade. dr. j, make sense of it. the stock...
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Jan 15, 2013
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major tax and entitlement reform. that will be discussed throughout the rest of the week. >> we have to come to a point where we stand and fight. i hope this is the time. there is no such thing in this definition. we'll pay social security, will you pay medicare or would you use it as a tool to try to get the house republicans to cave? rich: president obama said he will not negotiate. he will talk spending cuts and, perhaps, revenue. back to you. lori: thank you so much. new warnings on the debt ceiling. timothy geithner telling congressional leaders that the u.s. will exhaust its limit mid-february. bernanke urging congress to extend borrowing authority well before the deadline. the u.s. could lose its aaa rating, so where do we go from here? wonderful to have you with us. you believe the u.s. will not default on its debt. how will washington get to that point? there is a proposal of delaying inflammation of the obama law. >> everything is on the table, including the delight that the republicans are talking about. my
major tax and entitlement reform. that will be discussed throughout the rest of the week. >> we have to come to a point where we stand and fight. i hope this is the time. there is no such thing in this definition. we'll pay social security, will you pay medicare or would you use it as a tool to try to get the house republicans to cave? rich: president obama said he will not negotiate. he will talk spending cuts and, perhaps, revenue. back to you. lori: thank you so much. new warnings on...
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Jan 16, 2013
01/13
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>>brian: while you're paying property taxes? >> correct. houseboats are vessels and don't pay property taxes. >>brian: why was it so important for you? someone wrecks your home but you know the type of financial investment and time investment this will be, why was it important for you to fight all the way up to the top? >> for the principle and to help, there's another 7,000 or 8,000 floating homes around the country. i wanted to make sure they did not go through the horse show i did. >>brian: are you going to get all the money back that you invested in? right now the court awarded you what? >> they reversed and now we'll go back to the district court judge and we'll see what happens down there. hopefully i'll get compensated for my home, furniture and my legal expenses. >>brian: you've got to go back to the same judge that ruled against you? >> that is correct. >>brian: what's the message from this fight that people should take away? >> the message is just don't quit. if you think you're -- if you think you're right, keep on fighting it ou
>>brian: while you're paying property taxes? >> correct. houseboats are vessels and don't pay property taxes. >>brian: why was it so important for you? someone wrecks your home but you know the type of financial investment and time investment this will be, why was it important for you to fight all the way up to the top? >> for the principle and to help, there's another 7,000 or 8,000 floating homes around the country. i wanted to make sure they did not go through the...
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Jan 15, 2013
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than permanent tax cuts. so i think part of it will come out of savings, because people will have saved up, as it were, to prepare themselves for this. but not all of it. we are going to have slower consumer spending, i think, in the first half of the year. my point is, it's not going to be the consumer that's going to be driving things. and we are probably going to have a little bit of a pickup in hiring. we think payroll is going to be 175,000 a month. we had an encouraging pickup in wage increases in the december payroll data. that's not a blip. that's the beginning of a new trend. you are going to see better income numbers. i think when you get that december personal income number that's going to look fairly decent number on the wage side giving consumers some cushion to pay those higher payroll taxes. >> and if we should have a decline in inflation or oil prices or gas prices, that will help, as well. but, john, the question becomes, was what happened on the late in the evening on what was it, december 3
than permanent tax cuts. so i think part of it will come out of savings, because people will have saved up, as it were, to prepare themselves for this. but not all of it. we are going to have slower consumer spending, i think, in the first half of the year. my point is, it's not going to be the consumer that's going to be driving things. and we are probably going to have a little bit of a pickup in hiring. we think payroll is going to be 175,000 a month. we had an encouraging pickup in wage...
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Jan 13, 2013
01/13
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if i'm paying taxes to the program government for increased taxes on my business, i'm not able to buy new equipment. i'm not able to put more men to work. and my men's future is less certain because it's the money that i invest in equipment which gives them their job security, the productivity and the wages they enjoy. >> mike: so capital expenses go down. [ applause ] bill. >> mike: because you don't have the capital to expand the business. >> equipment that american manufacturers rely on to compete in a low wage global environment go away. mike mipg travis, what happens in your business in this coming year? >> we had two huge rollouts the left model for chord buddy 20% of people are left handed the classical model for chord buddy will not happen. we will not get the breaks that we needed to write off that money, you know, tax wise. >> let it's not there anymore new product somebody has got it to build if it and ship it and sell it it's several jobs down the line that went happen because you don't have the money to make that work. >> right. >> all right. and, john, you talked about t
if i'm paying taxes to the program government for increased taxes on my business, i'm not able to buy new equipment. i'm not able to put more men to work. and my men's future is less certain because it's the money that i invest in equipment which gives them their job security, the productivity and the wages they enjoy. >> mike: so capital expenses go down. [ applause ] bill. >> mike: because you don't have the capital to expand the business. >> equipment that american...
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Jan 20, 2013
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i said taxes, that is how much you will be taxed when you earn money. my daughter is watching right now from the makeup room. i let her know that she will get 50 percent of her take home pay goes to the government. that is a good way to show it. >> thank you, brenda. you can catch brenda on bulls & bears every saturday mitt romney right here on the fox news channel. >>gregg: you have to be economical, i told my daughter i would buy the prom dress and we are headed to target. >> there is no skin showing on that dress. greg i say each day, she will support me. >>heather: target has cute clothes. >>gregg: i love target clothes. and it is economical. >> growing controversy over mobile fingerprint scanners used by some police departments that allows cops to scan a fingerprint gaining immediate information about an individual and if they have anything on file but a group is arguing they could college data on -- could collect data on innocent people. dominic? >> here at the police department in mesa they say the scanners are a time and crime-saving tool. you a
i said taxes, that is how much you will be taxed when you earn money. my daughter is watching right now from the makeup room. i let her know that she will get 50 percent of her take home pay goes to the government. that is a good way to show it. >> thank you, brenda. you can catch brenda on bulls & bears every saturday mitt romney right here on the fox news channel. >>gregg: you have to be economical, i told my daughter i would buy the prom dress and we are headed to target....
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Jan 18, 2013
01/13
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i pay 15% less in taxes and i'd get to keep my second amendment rights which i don't have any more in new york. >> i tell you, it feels good. jump in, i left in '97 and came down here the greatest thing for my family. so thankful for the people of texas. >> sean: i applaud you both for taking a stand. if the average citizen does it i think they're going to end up being put in jail especially in new york and some other areas, so, applaud what you're doing and standing up for the constitution. thank you, both. >> thank you, sean. >> sean: coming up next, if you dare to disagree with the president's war on the second amendment, you might be a racist? that's the message spread by two congressman. and when we come back, a classic shootout, juan williams and david limbaugh react and some are comparing the n.r.a. to nazi and hitler by name and expose the chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, ca
i pay 15% less in taxes and i'd get to keep my second amendment rights which i don't have any more in new york. >> i tell you, it feels good. jump in, i left in '97 and came down here the greatest thing for my family. so thankful for the people of texas. >> sean: i applaud you both for taking a stand. if the average citizen does it i think they're going to end up being put in jail especially in new york and some other areas, so, applaud what you're doing and standing up for the...
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Jan 15, 2013
01/13
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airlines, claiming they are buying its jet fuel 70 miles away to avoid playing close to $300,000 in sales taxes. >>> students at university of vermont should not bring bottled water when they return to campus because the school banned its sale for environmental reasons. they are the largest public university to prohibit bottled water on campus. >>> to wall street, the dow opens at 13,507 after adding 18 yesterday. the s&p and nasdaq are both down. overseas the nikkei gained 77 points but the hang sell fell 31. nas dam and s&p slipped monday thanks to worries apple has gone sour. shares of the tech titan dipped below $500 for the first time in one year after reports the company cut orders for iphone parts due to weak demand. after the bell ben bernanke praised washington's fiscal cliff deal which he said probably would have caused a recession this year but cautioned, quote, we are not out of the woods yet. >>> a troubling new report finds more than one in four workers are dipping into retirement funds to keep up with their current bills. apparently folks in their 40s are most likely to do this.
airlines, claiming they are buying its jet fuel 70 miles away to avoid playing close to $300,000 in sales taxes. >>> students at university of vermont should not bring bottled water when they return to campus because the school banned its sale for environmental reasons. they are the largest public university to prohibit bottled water on campus. >>> to wall street, the dow opens at 13,507 after adding 18 yesterday. the s&p and nasdaq are both down. overseas the nikkei...
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Jan 18, 2013
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if you study the situation deeply, you see that japanese debt is about 24 times central government tax revenues. when you get into that, when you sail into that zone of insolvency, nothing you can do can help, in my opinion. they would have imploded under their own weight a few years down the road. now they talk about targeting 2% inflation. they don't realize it will force them to explode sooner. >> your criticism is well known, even to japanese ministers of finance, i would argue. >> first of all, when you think about a crisis, 99.9% of the people get it wrong. when you think about 20 years of the procycal cality, the owner ship of bonds of japan is the institutional community. they buy the bonds because they have 28 basis points of yield on the five-year and 70 on the ten. the only way you invest on a bond like that is if they promise deflation. when they tell you they will target 2% deflation the swing will detonate the time bomb. >> you believe your time line has been moved up. >> correct. >> some say, kyle, you have been with david many times over the last three or four years. yo
if you study the situation deeply, you see that japanese debt is about 24 times central government tax revenues. when you get into that, when you sail into that zone of insolvency, nothing you can do can help, in my opinion. they would have imploded under their own weight a few years down the road. now they talk about targeting 2% inflation. they don't realize it will force them to explode sooner. >> your criticism is well known, even to japanese ministers of finance, i would argue....
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Jan 14, 2013
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tax bite. >> tax bite all day on cnbc a special series that we're calling a tax bite. where did your money go? earlier this morning we talked to piper jaffray retail analyst about the impact of the higher payroll tax. >> what we get most concerned about would be at the lower income end of the spectrum where consumers live on more of a month-to-month budget. that's just less money for a lot of retailers that would cater to that income demographic. >> you're looking at retailers -- >> that would be the dollar stores. specifically like family dollar, dollar general, or dollar tree. >> joining us now howard levine, chairman and ceo of family dollar stores. you're sensitive to this type of stuff, howard. thanks for coming on today. in past periods like this, is there a pretty clear-cut cause and effect that we will see if people, if your customers get $15 less per week, that $15 cannot make its way into family dollar's coffers, can it? >> sure, joe. and good morning, everybody. thanks for having me this morning. you know, when i think about some of the current news, i've be
tax bite. >> tax bite all day on cnbc a special series that we're calling a tax bite. where did your money go? earlier this morning we talked to piper jaffray retail analyst about the impact of the higher payroll tax. >> what we get most concerned about would be at the lower income end of the spectrum where consumers live on more of a month-to-month budget. that's just less money for a lot of retailers that would cater to that income demographic. >> you're looking at retailers...
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Jan 15, 2013
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on the dividend theme i think our call was that the tax rate wasn't going to rise the way it was written in the law. we have seen that and this is a pretty compelling group of stocks. you have low payout and bond rates are low so you can buy dividend stocks that yield well relative total attorney difficults in the bond market. on the megacap stocks you have a lot of large high quality american companies that should be able to grow at or higher than the rate of the market or cheaper than the market and also have those higher dividends. >> susie: and the other two sectors that you also recommend to your morgan stanley clients, health care, companies like cardinal health, and industrials like honeywell, general motors what is the story there? >> well, for health care look, when you want to be a little defensive in the markets's natural for people to think about two sectors, health care and staples. we really like health care more than staples right now. we see that pretty clearly. health-care companies are beating estimates more, they have higher cash balances and you know they are much che
on the dividend theme i think our call was that the tax rate wasn't going to rise the way it was written in the law. we have seen that and this is a pretty compelling group of stocks. you have low payout and bond rates are low so you can buy dividend stocks that yield well relative total attorney difficults in the bond market. on the megacap stocks you have a lot of large high quality american companies that should be able to grow at or higher than the rate of the market or cheaper than the...
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Jan 19, 2013
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he said we had to let two employees go for costs and increased taxes. what he did was kosher. they do not prevent people from caning people because of politics. let's discuss in this thing. >> lightning roooouuuuunnndd. lightning round. >> rick, you travel a lot and talk to people. am i wrok to thing obongo is totally racist? >> i would say yes. >> this guy is probably just a jerk. >> it sounds like it. >> can you imagine these guys are like, oh yea he won. oh fired. >> you think it is great? >> i don't think it is fair. they should just these people based on their job performance and not on who they have as president. >> he thought they weren't doing a good job. not that i am sitting here defending him. by the way, i'm sorry i said any of that. >> i can't believe you are defending a racist. >> what am i doing? >> she whispered to me saying i love how racist this guy is. >> i condemn you. i should have known when i read her arian pamphlet. she has a lot of pictures. as it turns out, she hates everyone. that wasn't a sheet she was wearing. it was an outfit. it wasn't a sexy i'm
he said we had to let two employees go for costs and increased taxes. what he did was kosher. they do not prevent people from caning people because of politics. let's discuss in this thing. >> lightning roooouuuuunnndd. lightning round. >> rick, you travel a lot and talk to people. am i wrok to thing obongo is totally racist? >> i would say yes. >> this guy is probably just a jerk. >> it sounds like it. >> can you imagine these guys are like, oh yea he won....